Introduction
Being a first time homebuyer can be extremely overwhelming and the amount of information you get or need can put your mind on complete overload. There is a lot to know and it is best to learn and know all you can before purchasing your first home. Having this information will help you to save money and save yourself from a lot of stress and trouble. Make your first time being a homebuyer, a good experience. Research the area, the home, the neighborhood. Make a list of what you want with out a doubt in a home.
Make a list from how many bedrooms you want and how many bathrooms. How big you want your house to be as a first time homebuyer is also important. If you want a lot of land, let your Realtor know. Do you want to be in a certain school district? Do you want a certain neighborhood? This things are important to write down and to keep in mind as you look from house to house. Also keep in mind what your budget is for not only a mortgage payment but also remember that utilities will be higher as well. There is so much to know when you are to become a first time homebuyer.
When it comes to being a first time homebuyer you need to know a lot from good interest rates, inspections, Realtors, and more. The best loan to get is one with a fixed rate that will not fluctuate over time. Make sure you have everything inspected from the septic tank, the roof, termites, and even the zoning. Make sure you are aware if you are in a flood zone or other natural disaster hazard area. Ask if you will be using city water and sewage system or if you will be using a well system.
Being a first time homebuyer is exciting and has many benefits. Usually, if you decide to buy in a rural area you can 100 percent financing. This means no stress over saving up money for a down payment if you are approved for this kind of loan. As a first time homebuyer, there are many other benefits as well if you choose to go through a U.S.DA loan. Being a first time homebuyer is exciting and a time to look at all your options.
Tips and comments
- Shop around.
- Get a good realtor that you feel comfortable with and trust.
- Go with your gut feeling.
- Ask a lot of questions.
- Always low ball on your first offer to see how willing the seller is to work with you.
- Get all inspections done from roof, mold/mildew, termites, foundation, sewage, and more..
- Know your budget for mortgage loan and higher utilities.
- Go with your gut feeling.
- Ask a lot of questions.
- If you have a friend or family member that has experience with buying a home then ask them for help and advice to help out with your first time homebuyer experience.
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